StaplesVR launches $7m funding round to accelerate growth

StaplesVR launches $7m funding round to accelerate growth
Staples VR Developer pushing NZ's tech industry (Image StaplesVR)
Greg Hurrell
Immersive reality company StaplesVR has kicked off a $7 million capital raise, its first funding round after several years of organic growth.The raise is being led by Soul Capital and aims to close within 90 days. Soul Capital investment principal Alex Dallas said the minimum raise was $5m. It preferred to have other New Zealand funds join in but had had interest from overseas.StaplesVR grew out of work in the film industry and has provided full-body scanning capture for film studios, including Warner Bros and Disney. It has now expanded into i...

More Technology

What Apple has at stake in China
Technology

What Apple has at stake in China

The iPhone maker is heavily reliant on the Chinese manufacturing economy.

Chainsaws vs scalpels: The DOGE effect and a better way for NZ
Technology Free Business of Tech

Chainsaws vs scalpels: The DOGE effect and a better way for NZ

In a panel discussion, experts critiqued Elon Musk’s approach to DOGE.

Peter Griffin 17 Apr 2025
Ministry for Regulation turns its eye to telecommunications
Law & Regulation

Ministry for Regulation turns its eye to telecommunications

Minister for Regulation David Seymour and Media and Communications Minister Paul Goldsmith said the Ministry for Regulation's fourth sector review will focus on the telecommunications sector.The ministers have decided to implement the review on the back of concerns raised by...

Rebecca Howard 16 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025